World News

BIMCO Releases of Standard Contracts to Support Spill Response Times

One of the two contracts is tailored for international use, while the other is intended specifically for use in the U.S.

15 Jun 2017

GIB Announces Internal Promotions at Singapore, Dubai, and Mumbai Offices

The move is said to be part of Glanders efforts to build a high performing team.

15 Jun 2017

DNV GL Opens New Fleet Performance Centres in Hamburg and Singapore

DNV GL says the centres will support their ECO Insight customers in monitoring and optimising their fleets.

15 Jun 2017

German Maritime LNG Platform Signs Arctic Commitment Against HFO

The German Maritime LNG Platform is a coalition of almost 100 members and partners working to promote the use of LNG as marine fuel.

15 Jun 2017

Record 2018 Consumption Will be Outstripped by Massive Non-OPEC Supply Growth: IEA

Meanwhile, cutback offenders Iraq are gaining market share at the expense of the Saudis.

15 Jun 2017

HH Ferries Group Wins Baltic Sea Clean Maritime Award for Ferry Electrification Project

The award recognises the electrification of Tycho Brahe and Aurora, as well as the related installation of automated shore-side charging arms.

15 Jun 2017

Astomos and Statoil Commit to Further Studies in Support of LPG Bunkers

The agreement comes as Astomos continues to look to LPG as a compliance solution ahead of tightening sulfur emission regulations set for 2020.

14 Jun 2017

SMT, BOC, and CryoAdvise Partner to Offer LNG Operations Training

The two-day course is noted to have already been successfully launched with Caledonian MacBrayne.

14 Jun 2017

Monjasa Calls for Collaborative Approach to Meet Increasing Regulatory Demands on Bunker, Shipping Industries

With the industry growing increasingly complex, "the time has come to face these challenges together," says Monjasa.

14 Jun 2017

Qatar Petroleum and Shell Sign Agreement for LNG Bunkering Infrastructure at Strategic Locations

"We believe there is real potential for such demand to reach up to 50 million tonnes per annum by 2030," said Qatar Petroleum's President and CEO.

14 Jun 2017

Oil Market Rebalance Not So Imminent, says OPEC, Blaming U.S. Shale, Libya, and Nigeria for Rising Output

CNBC host says tepid 2017 demand rates will make rebalancing impossible.

14 Jun 2017

Oil Edges up but It's Still a Buyer's Market - and $55 Is a Long Way Off

Plus, at least one analyst is lukewarm over glowing reports about Saudi cutbacks.

14 Jun 2017

Aegean Chairman Georgiopoulos Fails to Receive Majority Backing from Shareholders at Annual Meeting Vote

The vote by shareholders was looking to elect Class B Directors to serve until the company's 2020 Annual Meeting of Shareholders.

13 Jun 2017

Los Angeles and Long Beach Mayors Sign Declaration Toward Zero Emission Ports

The mayors pledged to make the twin ports of the San Pedro Bay global models for cleaner air, sustainability, and innovation in the process.

13 Jun 2017

DNV GL's Bunker-Saving ShipManager to Be Utilised on 80 Sinochem Vessels

The contract was signed in April at the opening of DNV GL's newbuilt near-zero-emission Green Office Centre in Shanghai.

13 Jun 2017

Oil Prices Firm on Monday

Bunker prices were stable to firm in the primary ports.

12 Jun 2017

Bunker-Saving Hempaguard X7 Applied to Silversea Newbuild

Silversea is said to have selected the coating in the context of increasing pressure to improve operational efficiency.

12 Jun 2017

GTT Outfitter Initiates JV Aimed at Gas-Fuelled Ships

Gabadi S.L. and China's AojiHeng Offshore Engineering have launched the JV known as Gabadi Marine Engineering (Shanghai) Co., Ltd.

12 Jun 2017

Abandon All Hope of a 2017 Rebalance and Brace for a "Troublesome" 2018: Analysts

Plus, JP Morgan predicts the OPEC cutback initiative will collapse by year's end.

12 Jun 2017

Slight Price Gains on Friday Only Temporary as Nigeria, Libya Herald Further Market Turmoil

Unsold crude as well as increased production is adding to the market pressure.

9 Jun 2017